Axa IM Alts has made a final close of two European collateralised loan obligation at €353 million and €401.5m respectively.
Adagio XII and Adagio XI closed respectively on August 29th and December 4th with the equity tranche of Adagio XII being syndicated to five investors and Adagio XI to two investors.
In a statement, Axa said that the funds had received broad interest from a diversified pool of investors investors, including both repeat and new European and Asian investors to the platform for both Adagio XI and Adagio XII.
Christophe Fritsch, Global Head of Alternative Credit at AXA IM Alts, said: “We are pleased to see the successful close of these two European transactions, with five equity investors in total.”
